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Monday, 05/13/2019 1:02:47 PM

Monday, May 13, 2019 1:02:47 PM

Post# of 52837
Sunoco Transaction Expected To Close In Q219...

As per SUN quarterly report...

On January 18, 2019, we announced the execution of a definitive asset purchase agreement with Attis Industries Inc. (NASDAQ: ATIS) (“Attis”) for the sale of our ethanol plant, including the grain malting operation, in Fulton, New York. As part of the transaction, we will enter into a 10-year ethanol offtake agreement with Attis. Total consideration for the divestiture is $20 million in cash plus certain working capital adjustments. The transaction is subject to regulatory clearances and customary closing conditions and is expected to close in the second quarter of 2019.

https://www.sec.gov/Archives/edgar/data/1552275/000155227519000020/sun-03312019x10q.htm

Good Luck To All!$!$